ebs financials features

8/13/2019 EBS Financials Features

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General ledgerOverview

Record and Review Accounting Information

Import data from subsidiary ledgers, or enter journals to record actual or budgettransactions directly into Oracle General Ledger. Enter encumbrance journals to track encumbrances through the purchase process and to

control spending against budgeted amounts. Review account balances online or through reports. Analyze, correct, and adjust accounting information. Correct actual, budget, and encumbrance information. Revalue and translate balances denominated in foreign currencies. Consolidate balances from multiple ledgers. Analyze Accounting Information Integrate Oracle General Ledger with Oracle Enterprise Planning and Budgeting, Oracle

Discoverer, or Web Applications Desktop Integrator to simplify the budgeting andforecasting process.

Quickly prepare what if analyses and pro forma reports.

Functions and Features

Information Access Access information stored in the General Ledger through online inquiries or reporting and

analysis tools. Oracle General Ledger is the repository of your organization's financialinformation.

Financial Controls Use security features to control access to specific areas and functions of General Ledger.

Data Collection Collect data from Oracle subledgers and non-Oracle feeder systems.

Financial Reporting and Analysis Select from a variety of Standard Reports and Listings. Use the Financial Statement Generator to build customized reports with reusable report

objects. Use Web ADI (Web Applications Desktop Integrator) Report Manager to build reports

and drilldown on balances within a spreadsheet environment.

Payables

You use Oracle Payables for five major business functions: Supplier entry


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Invoice import/entry Invoice validation Invoice payment Invoice and payment accounting

To enter and pay invoices, first enter suppliers and supplier sites. Payables processes manydifferent invoice types including standard invoices, credit memos, debit memos and expensereports. After invoices are entered and validated, they can be paid.After invoices are validated or paid, subledger accounting entries are generated in SubledgerAccounting and those entries are transferred to General Ledger.

Receivables

Overview of Receivables in the Order to Cash Process

Receivables can generate transactions from data imported using AutoInvoice from

Oracle Order Management, Oracle Projects, Oracle Service, Oracle Leasing, and legacysystems. You can also create transactions manually in the Receivables application. After the transaction is completed, it is ready for transfer to General Ledger via

subledger accounting. Receipts entered and remitted against a transaction are availableto Cash Management to reconcile bank statements. Receipts are available for transfer toGeneral Ledger via subledger accounting after they are entered and saved.

Any open receivables are available for collection activity by Advanced Collections. Transactions are created either by importing them or by manually creating them.

Transactions can be reviewed and corrected before completion. Once completed,transactions are ready to print and send to the customer for payment.

Set the system option Allow Changes to Printed Transactions to allow for the correctionof printed transactions. Alternatively, make corrections by issuing debit memos orcredit memos (as required).

Transactions sent out for payment then go through the collections process. Oncecollected, the receipts are entered and applied. Once completed, the subledgeraccounting engine transfers transaction accounting to General Ledger. Receiptaccounting can be transferred to General Ledger via subledger accounting once thereceipts are entered and saved.

Assets

Overview of Oracle AssetsOracle Assets is a complete asset management solution that maintains property and equipmentaccurately to help you select the best accounting and tax strategies.

You can add, transfer, and retire assets. You can adjust for a single asset, groups of assets, or financial information. Oracle Assets adapts to various countries' tax and accounting laws to accommodate

fluctuating economies, unplanned depreciation, and other unforeseen circumstances.


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Oracle Assets provides reports that you can use to inform the fixed asset manager ofadditions, transfers, retirements, or other unrecorded changes, ensuring that the assetinventory remains accurate.

At any time, you can print these reports or you can view descriptive or financialinformation about the assets online.

Cash ManagmentOverview

Oracle Cash Management is an enterprise cash management solution that helps you manageyour liquidity and cash position.

Manage and control your cash cycle: track closing ledger and available balances as wellas month-to-date and year-to-date averages.

Create all bank accounts centrally Transfer funds funds between bank accounts manually or automatically. Reconcile bank accounts Use cash pools to optimize funds Forecast your cash needs


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HRMS

The Main Features of HRMS are; The Recruitment component: it covers entire recruitment cycle, from the stage where a

vacancy is first identified, through to the rejection or appointment of an applicant. The Hiring and Deployment: it provides with a people management system that enables

you to organize your workforce exactly as your enterprise requires. The Training and Development: it enables you to manage worker development using

competency management, appraisals, suitability matching, training administration, andsuccession planning.

The Career Management: this enables you to develop new and existing employees, tracktheir competencies and work preferences. This component helps you match them to

projects and vacancies, develop succession plans, and organize further training andcertification.

Payroll

Payroll has the following features: Pre-Payroll processing Payroll Processing Post-Payroll Processing Balance Adjustments Special Payroll Features

ebs financials features

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